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Skyworth Digital Holdings ( (HK:0751) ) has shared an update.
Skyworth Group Limited has provided a monthly update on its proposal to delist from the Hong Kong Stock Exchange via a share buy-back implemented through a scheme of arrangement. As part of the plan, the company also intends to distribute its shareholding in Skyworth Photovoltaic to shareholders and proceed with a separate listing of the photovoltaic business, which could reshape its asset base and focus.
The company said all pre-conditions for the proposal remain outstanding, although Skyworth Photovoltaic is engaging shareholders for approvals on the distribution and its listing and is preparing the necessary listing and filing materials with advisers. Skyworth cautioned that the delisting proposal and share buy-back scheme may or may not proceed, and urged investors to exercise care when trading its securities until further updates are announced.
The most recent analyst rating on (HK:0751) stock is a Sell with a HK$7.00 price target. To see the full list of analyst forecasts on Skyworth Digital Holdings stock, see the HK:0751 Stock Forecast page.
More about Skyworth Digital Holdings
Skyworth Group Limited is a Bermuda-incorporated company listed in Hong Kong that operates as a diversified technology group. The company is active in consumer electronics and related segments, and is also building a presence in renewable energy through its shareholding in Skyworth Photovoltaic, which is pursuing a separate stock exchange listing.
Average Trading Volume: 6,490,147
Technical Sentiment Signal: Buy
Current Market Cap: HK$13.22B
Learn more about 0751 stock on TipRanks’ Stock Analysis page.